In arguably its biggest storage product roadmap initiative since Dell acquired EMC for $67 billion in 2016, Dell EMC will realign its engineering teams to focus on a single product line for each market segment aimed at accelerating product innovation.

"It's an opportunity to focus on a smaller set of offerings with four product lines that pull forward the best features, functions, use cases and workloads for today and into the future," one top source with knowledge of the simplified storage roadmap. "Dell EMC is pulling forward the best-of-breed capabilities across its four primary platforms for this next-generation strategy."

Here are the five most important things you need to know about the Round Rock, Texas-based infrastructure giant's new storage strategy.